According to Moore’s law, computer chip processing power doubles every two years. This used to leave business owners with two options: invest in costly infrastructure upgrades every few years or work with outdated equipment that slows down productivity. Moore’s law is especially applicable to small or medium companies who do not have the financial security or resources to continuously update their technology. However, Hardware as a Service has created a third option: Lease cutting-edge hardware from managed service providers.Much like the popular Software-as-a-Service (SaaS), Hardware-as-a-Service (HaaS) offers a pay-as-you-go pricing model with customizable service packages that lets you lease equipment as needed. HaaS can be significantly cheaper in the long run than buying hardware on your own. Under HaaS, hardware is leased and maintained by the provider, and when the hardware reaches the end of its useful life, it's replaced at no additional cost. It's all apart of the service, relieving your company from the burden of maintaining an extensive IT department and purchasing new hardware to keep up with the pace of change in technology.
HaaS offers 5 primary advantages for your organization:
- Reduced Costs: Maintaining cutting edge technology at your firm can prove to be extremely costly. Constant maintenance and updates tend to be time consuming and expensive. However, using obsolete technology can be even more costly, resulting in slower productivity and extended downtime. By leveraging HaaS in lieu of direct hardware purchasing, you can reduce the impact of hardware depreciation on your bottom line. The service-based pricing model also shifts the investment from an up-front capital expenditure to an ongoing operating expense. This makes it easier to perform cost/value comparisons over time.
- Scalability: HaaS offers a flexible solution by allowing your company to have access to all of the new technology and hardware your business needs. It also provides you with the opportunity to downside equipment, removing what is no longer necessary, and lease additional equipment when your office grows.
- Improve Operations: With HaaS, downtime is minimized, operations are streamlined, and you’re provided with the latest technology available. This is, in part, due to the proactive automation associated with the HaaS system, especially when it is set up to constantly be communicating with a MSP. With this automation set in place, HaaS gives you the peace of mind that your workflows running as efficiently as possible.
- Guaranteed Security: Just like other pay-as-you-go services, HaaS guarantees security and reliability. If you’re leasing computers, printers, routers, or any other hardware, you have a contractual guarantee from your service provider that the product will perform as advertised. Much to your benefit, since providers won’t get paid unless the service is active, it may even incentivize them to address problems quickly and stay on top of preventative maintenance.
- Fully Managed Service: With HaaS, companies are bound by service level agreements to provide pre-arranged hardware rotations, updates, and troubleshooting support. It also includes maintenance, support and monitoring of all equipment leased. If problems arise, you can contact them and let them handle the details. It’s a completely hands-off process that takes the burden of troubleshooting off your team’s shoulders.
Switching to HaaS ensures that your business has the latest and greatest equipment available on the market, with all costs based around your usage. Outdated technology can lead to lower productivity, reduced revenue, and lost data. With the scalability and reduced assets HaaS provides, Moore’s law no longer applies to business owners. It’s new solution that makes your operating costs predictable and your business technology agile—a win-win if there ever was one.